Ontario Mortgage Agent Practice Exam

In a mortgage transaction, what does the Decision making model suggest should be the last step?

1. Apply the core value: Honesty

2. Identify potential solutions

3. Review the process

4. Choose the appropriate solution

The correct answer is: Review the process

The Decision making model suggests that the last step in a mortgage transaction should be to review the process. This is important because after identifying potential solutions and choosing the appropriate solution, it is crucial to review the process to ensure that all steps were followed correctly and the best decision was made. Applying the core value of honesty should be done throughout the entire process, not just at the end. Simply choosing the appropriate solution without reviewing the process may result in mistakes or missed opportunities for improvement. Therefore, option C is the most logical and necessary step to complete the decision making process in a mortgage transaction.